Personal Murabaha Finance Solutions

Definition:

An Islamic Finance concept that is governed by Shari’ah principles. It is a contract between a bank and its client, by which the bank purchases goods and then sells them to the client at a cost that includes a profit margin. The contract requires specific installment payments to the bank. This arrangement allows the bank to avoid charging interest, which is forbidden under some interpretations of Islamic law.

Vehicle Murabaha Finance

Quick, Competitive & Shari’ah Compliant

At UAB Islamic Banking we will provide you with banking solutions that match your beliefs. If you would like to own your favorite car, whether New or Used, but don’t want to pay it off at once, we can help you finance it. Under UAB’s Vehicle Murabaha scheme, the Bank will, at your request, purchase your dream car from the authorized dealer and sell the same to you at an agreed profit. The advantage is that you know our profit mark-up and your installment at the time of signing the deal, and it never changes throughout the financing term. This arrangement allows you to take immediate possession and ownership of your vehicle and spread your capital expenditure over a period of time.

Features:

Affordable repayment

Relaxed eligibility

Long repayment period

Quick approval and turnaround time

500,000 maximum amount

No salary transfer required

Competitive Pricing

Simply decide on the car you need to drive and visit our conveniently located UAB Islamic Banking suites stated in our different branches.

Goods Murabaha Finance

Affordable & Shari'ah Compliant

Goods Murabaha is a solutions concept; we designed Goods Murabaha to help you finance your goods, be it furniture, electronics, equipment or other household appliances. Under the Goods Murabaha scheme, the Bank will at your request purchase your goods from the authorized dealer and sell the same to you at an agreed profit. The advantage is that you know our profit mark-up and your installment at the time of signing the deal, and it never changes throughout the financing term. This arrangement allows you to take immediate possession & ownership of your goods and spread your capital expenditure over a period of time.

Key Benefits

Compliant with Islamic Shari'ah principles

Competitive profit rates

Purchase any goods the customer requests

Fixed profit rate during the finance terms

Customer knows profit mark-up and installments at the time of signing the deal

Features

No guarantors required

Quick approval process

Long tenor options available

Early settlement available

Installment amount and profit mark-up never change

Discount on profit amounts with early payoffs

All you need to do is visit any of our conveniently located UAB Islamic Banking suites stated in our different branches.